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    07.07.2015 12:53 Canada's trade deficit widens to C$3.34 billion in May

    Statistics Canada released the trade data on Tuesday. Canada's trade deficit widened to C$3.34 billion in May from a deficit of C$2.99 billion in April. April's figure was revised down from a deficit of C$2.97 billion.



    Analysts had expected a trade deficit of C$2.5 billion.



    The increase in deficit was driven by lower exports. Exports dropped 0.6% in May. It was the fifth consecutive monthly fall.



    Exports of energy products climbed by 1.3% in May, exports of metal and non-metallic mineral products dropped 5.8%, while exports of metal ores and non-metallic minerals fell 9.2%.



    Imports rose 0.2% in May.



    Imports of aircraft and other transportation equipment and parts dropped by 12.4% in May, imports of metal and non-metallic mineral products surged 5.0%, imports of energy products increased 2.9%, while imports of consumer goods were up 2.3%.

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